MEDICARE ADVANTAGE PLANS IN VIRGINIA
For few people, being enrolled in Original Medicare is all the protection they need. However, most people might want to enroll in a Medicare Advantage (MA) plan or a Medicare Supplement Plan. As of March 2012, 13 million Medicare beneficiaries had signed up for an Medicare Advantage plan. But is it the best choice for you?
What is a Medicare Advantage Plan?
A Medicare Advantage Plan (sometimes referred to as Part C) is actually a senior supplemental insurance plan that is offered through a private company that has an annual contract with Medicare. You are provided with all the Part A and Part B benefits, on top of some additional services which are not paid for under Original Medicare like limited vision, hearing, and dental plans for seniors. Prescription drug coverage is also offered through most Medicare Advantage plans. Most Medicare Advantage plans include Medicare Prescription Drug (Part D) coverage but not all plans do.
Although they cover all Medicare services, Medicare Advantage plans can charge different out-of-pocket expenses and can have different rules for how you get services. The costs associated with Medicare Advantage plans for seniors depend on the individual plan. Certain plans may not charge a monthly premium, some have additional deductibles. Each insurance company's Medicare Advantage plan is different, one insurance company may offer different types of Medicare Advantage plan, and understanding the guidelines of an MA plan before you join is crucial.
We're here to help. Call our Medicare Advantage agents with any questions you have. We would love to hear from you.